⚡ Flash Summary

Arif Habib Corporation Limited (AHCL) has announced an update regarding the privatisation process of Pakistan International Airlines Corporation Limited (PIACL). AKD Group, through its company AKD Group Holdings (Private) Limited, has joined the AHCL-led consortium participating in the privatization. The inclusion of AKD Group, a leading financial institution, strengthens the consortium as it proceeds through the due diligence phase. The consortium now includes AHCL, Fatima Fertilizer Company Limited, City School (Private) Limited, Lake City Holdings (Private) Limited, and AKD Group Holdings (Private) Limited. The consortium remains actively engaged with the Privatisation Commission of Pakistan.

📌 Key Takeaways

• 📅 Update on PIACL privatisation process as of November 10, 2025.
• 🤝 AKD Group joins the AHCL-led consortium, enhancing its financial strength.
• 🏢 AKD Group brings expertise in venture capital, real estate, oil & gas, and technology.
• 🔍 The consortium is currently in the due diligence phase of the PIACL transaction.
• 💼 Current consortium members: AHCL, Fatima Fertilizer, City School, Lake City Holdings, and AKD Group Holdings.
• 🇵🇰 The consortium is actively engaged with the Privatisation Commission of Pakistan.
• 🔒 AHCL is committed to disclosing material information in compliance with regulations.
• ℹ️ The update follows an earlier disclosure dated July 9, 2025.
• ✈️ PIACL is the target of the privatisation effort.
• 🏢 Arif Habib Corporation Limited is providing the update.
• 📜 The subject matter is the privatisation process of Pakistan International Airlines Corporation Limited (PIACL).

🎯 Investment Thesis

Based solely on this announcement, a HOLD recommendation is appropriate. The update provides no specific financial information to justify a BUY or SELL rating. The addition of AKD Group strengthens the consortium, which is a positive sign, but the risks associated with the privatisation and turnaround of PIACL remain. Further financial details and progress updates are needed to form a more definitive investment thesis. A price target and specific time horizon cannot be determined without financial information on PIACL.